Submission + - Nintendo explains 3DS price cut and take pay cuts (nintendo.co.jp)
dowdle writes: "As as been reported all over the net and on here, Nintendo dropped the price of the 3DS from $250 to $170 in the US. Nintendo executives announced in a Financial Results Briefing that they are taking a significant pay cut as a result of the poor sales performance of the 3DS. How much of a pay cut? It is rumored (anyone have a solid source?) that Nintendo President Satoru Iwata makes the equivalent of $2 million US in salary and he has taken a 50% pay cut. Several other Nintendo executives are also taking pay cuts but not as large as Iwata's.
I wonder what percentage of US companies as successful as Nintendo have presidents that make around $2 million and how many of them would take a voluntary pay cut? My guess would be a single digit approaching 0. My respect for Nintendo has greatly increased."
I wonder what percentage of US companies as successful as Nintendo have presidents that make around $2 million and how many of them would take a voluntary pay cut? My guess would be a single digit approaching 0. My respect for Nintendo has greatly increased."